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<h3>Market: Overnight and this morning</h3>
The US retail data released on Wednesday showed that the US economy is stronger than expected, further dampening market expectations for a recent rate cut by the Federal Reserve. According to swap contracts, investors now expect a 50% probability of a rate cut by the Federal Reserve in March, down from about 80% last Friday.
Both US stocks and US bond prices fell. The three major indices have fallen for two consecutive days. The Dow Jones Industrial Average fell 0.25% for the third consecutive day, the S&amp;P 500 fell 0.56%, and the Nasdaq fell 0.59%.
Among the Dow Jones constituents, Caterpillar led the decline with a drop of about 3%, followed by Intel. All major sectors of the S&amp;P 500 fell. Tesla fell about 2%, Alphabet fell 0.7%, Apple fell 0.5%, Microsoft fell 0.2%, Amazon fell nearly 1%, and Meta rose nearly 0.3%.
Overall, popular Chinese concept stocks continued to decline and underperformed the broader market for two consecutive days. XPeng Motors fell 4.8%, NIO and Li Auto fell over 3%. TuSimple fell 46%, JD.com fell nearly 5%, BIDU-SW, Bilibili, iQiyi fell over 2%, NetEase, Tencent Music, New Oriental EDU &amp; Tech fell over 1%, Alibaba fell nearly 0.8%, Pinduoduo fell 0.7%, Gaotu Techedu fell 0.6%.
<h3>What happened to blue-chip stocks and hot stocks</h3>
Boeing 737 aircraft malfunctioned, US Secretary of State Blinken stranded in Davos
Media: The US Department of Justice is expected to file an antitrust lawsuit against Apple in March, with a focus on software and hardware restrictions that harm competitors' interests
US Appeals Court ruling: The sales ban on Apple watches with blood oxygen functionality will be reinstated on January 18
China's market &#34;lowest-priced iPhone 15&#34; further reduced prices: The iPhone 15 series at Tmall Apple Store flagship store starts at RMB 4,999, and at JD Apple's self-operated store starts at RMB 4,949, a discount of RMB 1,050. IDC's Guo Tianxiang said that the reason is that the sales of the iPhone 15 in the Chinese market are lower than expected.
Netflix: No plans to launch an app for Apple's Vision Pro headset, Apple headset users will have to watch content through the web
Samsung releases Galaxy S24/S24+ phones: priced at $800/$1,000, equipped with Galaxy AI
Sam Altman, co-founder of OpenAI: Artificial intelligence may become a new computer operating system in the future. The current priority is to launch a new model, which is likely to be called GPT-5.
Tesla lowers the price of Model Y in several European countries, with a maximum reduction of about 9.1%
TuSimple: Decides to voluntarily delist from Nasdaq
Media: YouTube is cutting jobs in its corporate business division
Bayer in Germany announces a large-scale layoff plan, which will continue until 2025. The company hopes to streamline operations and improve performance.
<h3>IPO opportunities</h3>
Amer Sports, the parent company of Zbird, will price its IPO at the end of the month, aiming to raise $1 billion, bringing its valuation to $10 billion.
<h3>Macro: Taking you around the world</h3>
Hong Kong Financial Secretary Paul Chan: I have great confidence in the Hong Kong stock market.
US retail sales in December increased by a better-than-expected 0.6% MoM, and interest rate swap contracts indicate that the market's expectation of a rate cut by the Federal Reserve in March has dropped to about 50%.
Citigroup: It is expected that the Federal Reserve will begin cutting interest rates in June (previously July), and the total rate cut by 2024 is expected to be 125 basis points (previously 100 basis points).
China's Ministry of Industry and Information Technology and four other departments: Launching a pilot program for the integration of &#34;vehicle-road-cloud&#34; in smart connected cars.

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Expectations of interest rate cuts suffered another blow, with the Dow Jones Industrial Average falling for three consecutive days and Chinese concept stocks falling for three consecutive days. TuSimple has decided to delist. The U.S. Department of Justice is expected to file an antitrust lawsuit against Apple as early as March, and the court has ordered the suspension of sales of blood oxygen monitoring watches. YouTube is laying off employees, and German company Bayer has announced a large-scale layoff plan. The parent company of Zbird, Amer Sports, will set the IPO price at the end of the month.

Breakfast | The US market has seen consecutive declines in stocks and bonds, with Apple facing two "blows" in a single day.